Brookwater poised to become south-east Queensland’s next million-dollar suburb

Brookwater on Brisbane’s doorstep is fast approaching the status of becoming a million-dollar-suburb, with almost half of the houses sold in the first four months of 2021 fetching more than $1 million.

Brookwater Residential Senior Sales Executive, Irena Marasea said seven of the 16 houses sold between January and April resulted in million-dollar-plus totals.

These included a record $2 million for a luxury architect-designed five-bedroom golf frontage home on a 1100 square metre block in Augusta Point, which was $420,000 above the previous Brookwater record of $1.58 million achieved last November.

“This is a wonderful achievement for our team, with the increase in homes being sold for more than a million dollars becoming the norm not the exception as the suburb continues to ride Queensland’s red-hot property boom,” Mrs Marasea said.

“In the first four months of 2021, the Brookwater suburb recorded 16 house sales worth more than $17.1 million, with seven of those each bringing in more than a million dollars, or a total of $9.35 million.”

“People tend to think the suburbs where the median house price is a million dollars are concentrated in Sydney, Melbourne and Brisbane’s booming suburbs like Norman Park and Yeronga – however we’re extremely confident Brookwater is on track to join this elite club later this year,” Mrs Marasea said.

One of the suburb’s newest million-dollar buyers are the Wilson family, who describe their purchase “as a long-term investment in our future”.

Greg, a doctor, and his wife Nadia, a nurse, and their two teenage children upgraded in March to a $1.4m house fronting the Greg-Norman designed golf course in Birchwood Crescent – the same street they’d been living in since 2007 when they bought there after returning from the US.

“We’d always had our eye on this particular three-level house, and when it come onto the market we were ready to move-in – the timing was right. We didn’t even look at any other properties,” Greg said.

”We knew we just had to buy it, and I know it’s a cliché but we absolutely love living here. We don’t see ourselves leaving anytime soon – we plan on retiring in this home.

“Apart from the absolutely stunning setting, completely surrounded by green open space, we’re part of a friendly community which includes plenty of families.”

New figures reveal the median house price in the blue-chip suburb – which celebrates its 20th anniversary later this year – jumped from $857,500 last year to $961,500 in the first four months of 2021.

Median price of houses fronting the 18–hole golf course increased from $979,000 in 2020 to $1.21million – with the median price for non-golf course frontage houses increasing from $789,000 to $940,000 in the first four months of 2021.

Mrs Marasea said the surge in top-shelf sales signalled tremendous confidence in the exclusive owner occupier golf community.

“The bar has well and truly been raised to a whole new level by reaching these record price points, which certainly aligns with our vision of ensuring Brookwater remains a premium destination for homeowners.”

Mrs Marasea – who has been part of the Brookwater story for more than 14 years – said most of the recent sales were to “local buyers from the Brisbane area”.

“Brookwater has become a major draw card for aspirational families and empty nesters,” she said. “The scarcity of land is also a big issue in the Brisbane market – as there isn’t a lot of opportunities for people to purchase premium land so close to the CBD and have the confidence to build their architecturally design forever home, so we definitely fill that gap.”

Around 3000 people now call Brookwater home since the community began in 2001. Within a 10-minute drive of Brookwater are 11 schools, a hospital, universities, a shopping centre and multiple shopping villages, Queensland’s number one golf course, and abundance of restaurants and entertainment choices.

Brookwater stands out from typical suburbia through its strong focus on Design, Landscape Architecture, the Brookwater Homeowners’ Club, forty-five per cent of open green space with walking trail networks which surround the suburb, and a strong sense of community where owners take pride in their homes and surrounds.

Media Contact for Springfield City Group Neil Doorley 0412 393 909